Clock ticks on fossil fuel race

Oslo, April 6 (Reuters): World powers are running out of time to slash their use of high-polluting fossil fuels and stay below agreed limits on global warming, a draft UN study to be approved this week shows.

Government officials and top climate scientists will meet in Berlin from April 7-12 to review the 29-page draft that also estimates the needed shift to low-carbon energies would cost between two and six percent of world output by 2050.

China and the US are the top emitters.

The draft says nations will have to impose drastic curbs on their still rising greenhouse gas emissions to keep a promise made by almost 200 countries in 2010 to limit global warming to less than 2°C (3.6°F) over pre-industrial times. Temperatures have already risen by about 0.8°C (1.4°F) since 1900 and are set to breach the 2°C ceiling on current trends in coming decades, UN reports show.

“The window is shutting very rapidly on the 2 degrees target,” said Johan Rockstrom, head of the Stockholm Resilience Centre, and an expert on risks to the planet from heatwaves, floods, droughts and rising seas.

“The debate is drifting to ‘maybe we can adapt to 2 degrees, maybe 3 or even 4’,” Rockstrom, who was not among authors of the draft, told Reuters.

Such rises would sharply raise risks to food and water supplies and could trigger irreversible damage, such as a meltdown of Greenland’s ice, according to UN reports.

The draft, seen by Reuters, outlines ways to cut emissions and boost low-carbon energy, which includes renewables such as wind, hydro- and solar power, nuclear power and “clean” fossil fuels, whose carbon emissions are captured and buried.

It said such low-carbon sources accounted for 17 per cent of the world’s total energy supplies in 2010 and their share would have to triple — to 51 per cent — or quadruple by 2050, according to most scenarios reviewed.

That would displace high polluting fossil fuels as the world’s main energy source by mid-century.

Saskatchewan Power in Canada will open a $1.35 billion coal-fired electricity generating plant this year that will extract a million tonnes of carbon dioxide a year from its exhaust gases — the first carbon capture and storage plant of its type.

Reports by the Intergovernmental Panel on Climate Change (IPCC), the group meeting in Berlin, will help governments, which aim to agree a deal to slow climate change at a Paris summit in December 2015. Few nations have outlined plans consistent with staying below 2°C.

Another report by the IPCC last week in Japan showed warming already affects every continent and would damage food and water supplies and slow economic growth. It may already be having irreversible impacts on the Arctic and coral reefs.

The new draft shows that getting on track to meet the 2°C goal would mean limiting greenhouse gas emissions to between 30 and 50 billion tonnes in 2030, a radical shift after a surge to 49 billion tonnes in 2010 from 38 billion in 1990.

The shift would reduce economic output by between 2-6 per cent by 2050, because of the costs of building a cleaner energy system based on low-carbon energies that are more expensive than abundant coal, the IPCC said.